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for that, because we had the great recession, and we needed to engage in some deficit spending to offset that demand contraction. historically the debt goes up in periods like this. in world war ii, it breached 100%, then a few years later it was 50%. the debt is expected to start coming down within a few years. over the long term, there are real pressures on the debt through health care costs. that's what i would tell mr. penny. >> excellent. that's very helpful. josh, the president last week was secured on the right for suggesting there was no dead crisis in american. later in the week this is what speaker boehner and paul ryan had to say. take a listen. >> is he right, that we don't have an immediate crisis. >> we do not have an immediate debt crisis. >> we do not have a debt crisis right now, but we see it's coming. it's irrefutably happening. >> what are they doing by repeatedly fanning into flame the notion of a debt crisis, when they themselves when asked directly say exactly what jared said. in the immediate short term, it is not a pressing issue. >> it's because it's instrumenta
austerity and budget cutting and debt and deficit and then last weekend speaker boehner admits that we don't have an immediate debt problem. wit well, we're still sort of as a collective body stuck on this idea that, you know, it's all about cuts and how many and how much when the real issue should be jobs. these budgets should be evaluated based on how many people they put to work, how many problems they solve for the american people. five years ago in my district the bridge fell into the mississippi river. our bill would fix the problems like that and make those things a thing of the past and they put a lot of people back to work, too. >> absolutely. mr. o'reilly and other republicans, they're upset because you and your caucus have offered alternatives to paul ryan's massive spending cuts. and as i say, job creation is the first item on the executive summary of your report. the first item under that is infrastructure. now, the american society of civil engineers -- and this is, you know, an engineering organization, not a political one. >> left wing cooks? >> we need $1.6 trillion spendi
deficit reduction who say this budget won't do it. >> okay, congressman. as you know, house democrats are also out with their budget. joining senate democrats in calling for more revenue as well as spending to create jobs. but paul ryan didn't seem too optimistic about this this morning. take a listen to what he said. >> all the democratic budgets have one theme. more taxes, higher spending, never balancing the budget. if you look at these two budgets, yeah, we're two worlds apart. we're literally on different planets. >> he says you're literally on different planets. do you, therefore, have any hope of a compromise? >> well, not very much with paul ryan. i do believe that as steny hoyer, the himinority whip said he thinks republicans are going to have a difficult time getting votes for this budget. as we remember, the republican presidential candidate in 2012 ran away from the ryan budget which was not nearly as severe as this one is. so he's going to have problems with his own members in the republican conference and on this vote, but, you know, paul ryan is right. we are on very di
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